WEBINAR - Cyber

Cyber risk is a growing issue for all businesses, so brokers and insurers need to understand the risks and insurance cover available.

No two cyber policies are the same so this can be a complex area for insurers, brokers, and their clients to understand the cover offered.

This session reviews the cyber risk insurance solutions available in this rapidly changing class.

Objectives:

• Understand the cyber risks covered in an SME cyber policy.
• Be aware of key cyber insurance market developments and their practical implications for brokers and insurers.
• Be aware of cyber market innovations and their potential use for clients

Content and Learning:

• Coverage found in a typical cyber policy – data breach, BI, cyber liability, cyber[1]crime, issues of retro dates, social engineering limitations, industrial control systems, definition of BI indemnity periods and limit calculation.
• Market developments - hardening of rates, additional security and protection requirement, ransom payment issues., concern about group actions, implications of Lloyd v Google Supreme Court action
• Market innovation - parametric, stand-alone breach support, wrap policies, industry specific policies

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